Until the mid-1900s, people from across the world stampeded into Illinois in search of opportunity. Workers from rural America came to build Pullman cars, erect skyscrapers and fill factories. Immigrants from Eastern Europe arrived in search of economic freedom. And laborers left the agrarian South to participate in America’s industrialization. Illinois’ population doubled from 1900...

Top 10 facts about the proposed progressive tax hike The beginning of 2014 marked an important milestone for Illinois taxpayers: we are just one year away from tax relief. Illinois taxpayers currently fork over 5 percent of their paycheck to the state. The good news is Illinois’ income tax rate is slated to drop to...

The Tax Foundation released an analysis of the proposal to dump Illinois’ fair, flat tax in favor of a progressive tax. The conclusion: a progressive income tax would deliver a devastating blow to Illinois’ already struggling business climate. Illinois had the 17th most competitive tax climate for businesses just a few years ago. But the state’s rank plummeted 14...

The Tax Foundation—a nonpartisan, D.C.-based think tank—hosted a press conference in Chicago this afternoon on the effects of a proposed tax increase in Illinois. The Tax Foundation’s analysis of the proposed progressive tax legislation found that: Illinois’ “State Business Tax Climate Index” ranking could fall to 44th from its current 31st ranking if the proposed progressive income...

The Tax Foundation released an analysis of the proposal to dump Illinois’ fair, flat tax in favor of a progressive tax that would force people to pay higher taxes as their income increases. The conclusion was unsurprising: a progressive income tax would deliver a devastating blow to Illinois’ already struggling business climate. The Tax Foundation...

Illinois’ corporate income tax rate is already the fourth-highest in the industrialized world. Yet some lawmakers want to push rates even higher. State Rep. Naomi Jakobsson, D-Champaign, wants swap out Illinois’ constitutionally protected flat rate income tax on corporations with a progressive income tax hike. And that would be on top of the fact that...